Multiple Choice
Pizza Pepsi
-The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. The price of a slice of pizza is $2 and of a can of Pepsi is $1. Suppose Priscilla has $6 to spend. If Priscilla chooses to eat 3 slices of pizza
A) she is maximizing her total utility.
B) she is not equating marginal utility per dollar for pizza and Pepsi.
C) she is not at a consumer equilibrium.
D) Both answers B and C are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q290: The principle of diminishing marginal utility means
Q291: Marginal utility theory predicts that when the
Q292: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -As shown in
Q293: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q294: According to the paradox of value, expensive
Q296: Marginal utility is the<br>A) total satisfaction that
Q297: If a consumer is consuming a combination
Q298: Fritos Fruit drinks<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Fritos Fruit
Q299: Liane maximizes her total utility when she
Q300: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Betsy's utility depending